Brexit fears drag pound to fresh two-year low ahead of UK inflation report - business live

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Rolling coverage of the latest economic and financial news, as fears of a disorderly Brexit weigh on sterling

Neil Wilson of Markets.com fears that the pound could slump back towards the $1.21 mark, last seen in March 2017. He explains: Make no mistake, this decline in the pound is down to traders pricing in a higher chance of a no-deal exit. Ongoing uncertainty about the direction of Brexit it what is really driving the pound. We need to await the outcome of the Tory leadership race.

 

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Looks like imports in the BorisJohnson land of milk and honey may be getting a little more expensive

Oh joy.

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